6 days ago
JSW MG Motor India Plans ₹6,000 Crore Halol Expansion
JSW MG Motor India wants to make more vehicles in India.
It and its suppliers plan to spend about ₹6,000 crore.
The company itself will provide about ₹3,500 crore.
Its suppliers will invest about ₹2,500 crore.
The money will help expand the Halol factory in Gujarat.
The factory could eventually make 2.20 lakh vehicles each year.
JSW Group also wants to make LFP battery cells in India.
That battery plan is paused while it looks for a technology partner.
JSW MG Motor India and its vendors are investing about ₹6,000 crore in capacity expansion and operations.
The company is investing approximately ₹3,500 crore, while vendors are contributing nearly ₹2,500 crore.
The Halol plant in Gujarat is expected to double capacity to 2.20 lakh vehicles annually by January 2028.
JSW Group is seeking a technology partner to produce lithium iron phosphate battery cells in India.
The proposed battery-cell venture is currently on hold because a suitable technology partner has not been found.
- Who
- JSW MG Motor India, its vendors, JSW Group, and Parth Jindal.
- What
- The company announced about ₹6,000 crore in expansion investment and discussed a paused battery-cell venture.
- Where
- The expansion concerns the Halol plant in Gujarat, India.
- When
- The investment announcement was made on Wednesday; the battery comments were reported on August 26.
- Why
- The investment is intended to expand vehicle capacity and strengthen operations; the battery venture is paused because a suitable technology partner is unavailable.
Key facts
- Total investment
- About ₹6,000 crore
- JSW MG Motor India investment
- Approximately ₹3,500 crore
- Vendor investment
- Nearly ₹2,500 crore
- Plant location
- Halol, Gujarat
- Planned capacity
- 2.20 lakh vehicles annually
- Capacity target date
- January 2028
- Battery technology
- Lithium iron phosphate, or LFP
- Battery venture status
- On hold pending a technology partner
Quotes
Parth Jindal
Director of JSW MG Motor India
“Our vendors are investing close to ₹2,500 crore as well. So, overall there is about a ₹6,000 crore investment that is being made due to JSW MGI’s requirement, partly by our vendors and partly by us.”
telegraphindia.com
“We are very keen to make cells in India but the lithium phosphate iron (LFP) technology, currently is not available for us and the hunt is on for a technology tie-up.”
telegraphindia.com
Sources
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